QNB ALAHLI secures US$50m loan from EBRD for SMEs

EGYPT – The European Bank for Reconstruction and Development (EBRD) is boosting small businesses and green investments in Egypt with a US$50 million loan to QNB ALAHLI, one of Egypt’s largest commercial banks. The loan, which includes US$7.5 million of concessional finance from the Green Climate Fund, will be used for on-lending to households and local small and medium-sized enterprises (SMEs). QNB ALAHLI is the first bank in Egypt to benefit from a loan under the GCF GEFF Regional Egypt Framework, the second Green Economy Financing Facility (GEFF II) in…

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